Deals & Cases

Banking Merger Creates Largest Bank in Bulgaria


Borislav Boyanov & Co. advised and assisted UniCredito Italiano on all regulatory and corporate aspects of the merger of its three local banks Bulbank, Biochim Bank and Hebros Bank. The firm’s time was instrumental in bringing about the combination, following a complex and multifaceted process spanning for more than a year. The merger resulted in the creation of the largets (in terms of assets) player in the Bulgarian banking market.

The reorganization followed an earlier consolidation which was the local result of the acquisition by UniCredit group of  HypoVereinsbank (HVB) , on which the firm also advised on regulatory and merger control aspects in Bulgaria.